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Dimitri is 44 years old, and lives in the Mtskheta district with his wife and two children (16 and 20). His wife works as a nurse at the hospital, and Dimitri is a worker with a private company that builds bridges. The family is also involved in poultry farming, and owns 15 hens.

He has decided to start a new business to supplement his income, but he lacks experience with new business start-ups and does not qualify under income requirements.

Dimitri is requesting a loan under the framework of a new joint initiative between Kiva and Credo. This loan program envisions providing start-up and re-startup credits with soft conditions to the rural poor, who do not have access to many credit products, as they are regarded as “high risk borrowers” because of low income.

Dimitri will use his loan to start a car wash. He will purchase essential equipment, and a vacuum cleaner.

Dimitri will provide services to his local community members, and hopes to increase the monthly income of the family. His new business initiative will significantly improve the living conditions of his family.

Additional Information

More information about this loan

This loan is part of Credo's startup loan program targeting particularly vulnerable clients who live at the subsistence level and have been unable to obtain credit due to lack of income from an existing business. This program offers them a longer repayment term and an annual interest rate that is 5% lower than the standard interest rate. By funding this loan, you are supporting a program that gives borrowers a second chance to start and grow small businesses. This has the potential to alleviate the effects of poverty, significantly improving borrowers' incomes and their families' quality of life. Learn more about Credo's startup loan program on the Kiva Blog.

About LLC Micro Finance Organization Credo

LLC Credo (Credo) is a microfinance organization in Georgia that provides sustainable credit services to alleviate poverty in rural areas, including business loans, agriculture loans, household loans, crop insurance and more. Kiva lenders’ funds are used to help the organization expand its outreach to even more entrepreneurs, farmers and households in remote areas.

About Georgia

  • $6,100
    Average annual income
  • 38
    View loans »
    Georgia Loans Fundraising
  • $8,314,800
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Dimitri to buy the equipment to start a car wash.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Jan 24, 2013
Jan 28, 2013
Currency Exchange Loss:
Dec 20, 2013